The acquired land has an area of approx. 11.5 hectares and it is located in the Kivistö/Petas or Marja-Vantaa area, a strongly developing section of the City of Vantaa. The Kivistö area is one of few unbuilt commercial districts specified in provincial land use plans. In terms of transport the land is located slightly north of the Ring III and Helsinki–Hämeenlinna Motorway intersection and it is quite close to Helsinki-Vantaa Airport. A significant amount of new residential development is also planned for the area.
”Our objective is to enable the generation of a commercial centre for the area through land use planning,” says Henrik Winberg, CapMan Real Estate’s Commercial Director. ”We hope to develop the Kivistö area together with the City of Vantaa and other property owners within a rapid time interval.”
The acquired land is the first asset in CapMan RE II fund’s portfolio that will cover the entire property development life cycle from zoning and construction to a finished commercial property. The expertise and competence of the CapMan Real Estate investment team in this type of project will be utilised in the investment. The objective is to perseveringly develop the land along with the district’s development during the next five to ten years.
The investment focus of CapMan RE II fund is on property development targets in Finland and its other assets include, among others, Tokmanni’s logistics centre project in Mäntsälä. CapMan’s first private equity real estate fund CapMan Real Estate I has investment focus on commercial properties in the Helsinki metropolitan area.
For further information, please contact:
Henrik Winberg, Commercial Director, CapMan Real Estate, tel. + 358 9 6185 7709 or +358 500 449 664